Added to YB: 2024-11-11
Pitch date: 2024-11-01
AAP [bullish]
Advance Auto Parts, Inc.
+58.44%
current return
Author Info
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Company Info
Advance Auto Parts, Inc. provides automotive aftermarket parts. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
Market Cap
$3.4B
Pitch Price
$35.33
Price Target
N/A
Dividend
1.76%
EV/EBITDA
5.30
P/E
50.21
EV/Sales
0.69
Sector
Specialty Retail
Category
turnaround
FPA Queens Road Small Cap Value Fund New Position: VusionGroup
AAP: New CEO O'Kelly leading turnaround of auto parts retailer. Lagging ORLY/AZO, but strong board additions. WorldPac sale for $1.5B improves balance sheet. Near-zero margins, but cheap at 30% of sales if can reach high single-digit margins. 1% position, 2+ year timeline. Risks: turnaround execution.
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